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The Chasers Channel

TCC 6 -The Importance of a Business Plan

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This episode is about the importance of having a business plan before starting (or buying a business) or if you have an existing business.

We often see small business owners dive into entrepreneurship without a proper plan, and this can lead to a lot of difficulties down the road.

It is your map for the direction of your business and shows where you are heading, how you will get there and what roadblocks you can expect along the way to watch out for.

We discuss what a business plan is, why it is important and who should have one.

What you’ll learn: 

  • (0:48)The Importance of a Business Plan: Your Roadmap to Success
  • (1:00) What is a business plan?
  • (2:00)The Key to Successful Ventures
  • (2:38) Expenses might look like in order to break even and survive
  • (3:50) A business plan can also help you stay focused and accountable.
  • (4:10) Evaluating different options and can help you choose the best course of action for your business.

Links and Resources:

Business.gov.au: https://business.gov.au/planning/business-plans/develop-your-business-plan . Australian Bureau of Statistics (ABS): https://www.abs.gov.au/

#BusinessPlan #SmallBusiness #Entrepreneurship #RoadmapToSuccess